Tuesday, May 24, 2011

Yahoo! News: Health News

Yahoo! News: Health News

Wall Street flat as growth concerns offset oil rebound (Reuters)

Posted: 24 May 2011 08:13 AM PDT

The outside of the New York Stock Exchange is seen in New York May 13, 2011. REUTERS/Shannon StapletonReuters - Stocks were little changed on Tuesday as stronger commodity-related shares were offset by concerns about a slowdown in industrial growth.

New home sales at 4-month high, supply drops (Reuters)

Posted: 24 May 2011 08:42 AM PDT

A view of a house for sale in Los Angeles in a file photo. REUTERS/Mario AnzuoniReuters - New single-family home sales rose for a second straight month in April and supply was the lowest in a year, but an overhang of previously owned homes on the market will stifle any housing market recovery.

EU policy options narrow to avert Greek default (Reuters)

Posted: 24 May 2011 07:57 AM PDT

Reuters - Europe's policy options to avert a Greek default are narrowing fast after the ECB and ratings agencies warned against even voluntary debt rescheduling and Athens highlighted its urgent need for more EU cash.

Yandex shares rise more than 40 percent on first day (Reuters)

Posted: 24 May 2011 08:35 AM PDT

Reuters - Shares of Russian Internet company Yandex NV rose more than 40 percent, the largest U.S. initial public offering in the Internet sector since Google Inc.

Fed's Duke says costly gasoline hurting consumers (Reuters)

Posted: 24 May 2011 07:58 AM PDT

A resident looks at the price of gasoline as she fuels up his car at a gas station in Miami's South Beach, Florida April 23, 2008. REUTERS/Carlos BarriaReuters - Consumers are struggling with higher gasoline costs and a weak housing market, Federal Reserve Governor Elizabeth Duke said on Tuesday, in remarks that suggested she is unlikely to be pressing for higher interest rates soon.

European stocks close sharply lower (AFP)

Posted: 23 May 2011 09:35 AM PDT

The Milan stock exchange. European stock markets closed sharply lower on Monday, hit by signs of slower growth, especially in global powerhouse China, and fears that Greek debt problems will spark a new eurozone crisis.(AFP/Giuseppe Cacace)AFP - European stock markets closed sharply lower on Monday, hit by signs of slower growth, especially in global powerhouse China, and fears that Greek debt problems will spark a new eurozone crisis.

'Proud, resilient' Ireland embraces Obama (AFP)

Posted: 23 May 2011 02:30 PM PDT

US President Barack Obama (R) and his wife Michelle wave as they arrive at an Irish celebration in Dublin. A star-struck Ireland opened its heart to Barack Obama Monday and the US president returned the favour, saying his ancestral homeland had a bright future despite current economic turmoil.(AFP/POOL)AFP - A star-struck Ireland opened its heart to Barack Obama Monday and the US president returned the favour, saying his ancestral homeland had a bright future despite current economic turmoil.

Medtronic 4Q profit and 2012 estimate fall short (AP)

Posted: 24 May 2011 07:51 AM PDT

FILE - In this file photo taken Aug. 24, 2010, medical device maker Medtronic's logo reflects in the pond in front of the corporate headquarters, in Fridley, Minn. Medtronic, the world's largest medical device maker, said Tuesday, May 24, 2011, its fourth-quarter net income dropped 19 percent on expenses related to its recent layoffs.(AP Photo/Jim Mone, file)AP - Medtronic said Tuesday its profit dropped 19 percent in the fourth-quarter and the device maker predicted lower-than-expected growth for the year ahead due to a continuing slump in sales of its implants.

Greek opposition party rejects new austerity plan (AP)

Posted: 24 May 2011 07:39 AM PDT

Greek opposition leader Antonis Samaras leaves the Prime's Minister office after talks about austerity measures with Greek Premier George Papandreou, in Athens on Tuesday May 24, 2011. The EU is pressing Greece's Socialist government to bridge differences with the conservative opposition before eurozone countries considers granting Athens a second rescue package to cover funding needs in 2012. Papandreou on Monday chaired an emergency cabinet meeting to finalize plans for a massive privatization drive and another increase in taxes that is expected to trigger fresh protests. Greek borrowing rates shot to over 17 percent for 10-year-bonds, hitting a new record margin — or spread — over the benchmark German rate.(AP Photo/ Petros Giannakouris)AP - Greece's main opposition leader bluntly refused Monday to back new austerity measures designed to tackle the crippling debt crisis, arguing they would only bring further recession, despite the European Union's insistence for cross-party support.

Portugal's over-indebted families struggle (AFP)

Posted: 24 May 2011 12:24 AM PDT

Ana waits on May 17, 2011 for a meeting to solve her financial problems at the Deco Consumer Protection Association office in Lisbon. Ana, who is unemployed, is afraid of losing her apartment because she stopped paying her loan in September 2010.(AFP/Patricia de Melo Moreira)AFP - Unemployed, Ana can no longer pay her mortgage and fears losing her home. With no chance of getting a bailout like the state, many Portuguese are turning to consumer advocacy groups like Deco to try to keep from losing everything.

G8 to discuss Arab Spring, IMF post could feature (Reuters)

Posted: 24 May 2011 08:24 AM PDT

Reuters - G8 leaders will discuss aid for North African states after recent popular uprisings and ways to end the conflict in Libya at a summit this week, but could get sidetracked by wrangling over who should be the new IMF chief.

British retailer M&S posts 16% jump in profits (AFP)

Posted: 24 May 2011 01:51 AM PDT

British retailer Marks & Spencer said that annual net profits soared 16 percent, as the company was boosted by higher clothing and food sales.(AFP/File/Carl de Souza)AFP - British retailer Marks & Spencer said Tuesday that annual net profits soared 16 percent, as the company was boosted by higher clothing and food sales.

The Challenges of Investing in Foreclosures (U.S. News & World Report)

Posted: 24 May 2011 07:49 AM PDT

U.S. News & World Report - Stephanie and Jay Herbert briefly considered selling their Alpharetta, Ga., home to upgrade to a larger house in September 2009. But instead of selling, the Herberts stayed put, updated the exterior of their home, and used the money they set aside for a new house to buy two more houses, one a foreclosure. The Herberts now rent out the properties for extra income.

Oil rises above $99, gas pump prices down again (AP)

Posted: 24 May 2011 08:29 AM PDT

Libya's top oil official Shokri Ghanem walks through the lobby of a hotel in Caracas during a meeting of OPEC (Organization of Petroleum Exporting Countries) ministers in this May 31, 2006 file photo. Top Libyan oil official Ghanem has not defected, contrary to widespread reports, and is secretly working for Muammar Gaddafi to maintain ties with big oil companies, sources at western firms said. Picture taken May 31, 2006. To match Exclusive LIBYA-MINISTER/ REUTERS/Christian Veron/Files (VENEZUELA - Tags: ENERGY POLITICS HEADSHOT CIVIL UNREST BUSINESS)AP - Oil rose to around $100 per barrel Tuesday after the dollar weakened and major investment banks predicted that crude prices will rise later this year.

Jackson Hewitt files for pre-packaged bankruptcy (Reuters)

Posted: 24 May 2011 08:56 AM PDT

Reuters - Jackson Hewitt Tax Service Inc filed for a pre-packaged Chapter 11 bankruptcy, as the second largest U.S. tax preparer finally reached an agreement with its lenders on how to restructure its debt.

Chrysler set to repay $7.5 billion U.S., Canada loans (Reuters)

Posted: 24 May 2011 07:56 AM PDT

The Chrysler logo is reflected in the rear view mirror of a vehicle on the lot at Clark Chrysler Jeep Dodge dealership in Methuen, Massachusetts April 30, 2009. REUTERS/Brian SnyderReuters - Chrysler Group LLC was set on Tuesday to repay $7.5 billion in U.S. and Canadian government loans from its 2009 federal bailout, a move that will allow the U.S. automaker to distance itself from an unpopular bailout and deepen its ties with Italian automaker Fiat SpA .

For 2011 B-School Grads, a Low-Key Send-Off (BusinessWeek)

Posted: 24 May 2011 05:08 AM PDT

BusinessWeek - Few corporate leaders have as rapt an audience as they do when they speak at commencement, that great rite of spring when graduates get to reflect on the academic life they're leaving behind and the challenges and opportunities ahead. And this year's crop of B-school graduation speakers is no exception. With the job outlook for both college business majors and MBAs improving, the tone this year was generally optimistic -- with a healthy dose of reality thrown in for good measure.
Posted by Harshad at 9:07 AM

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